Auction Information
6/26 Auction: 40 Acres with Minerals
This property consists of approximately 40 acres more or less. The farm is mostly cropland with a few small areas of timber, especially around the home and improvements. The farm is rolling terrain and does have perimeter fencing. The improvements include an older farm house consisting of approximately 1,009 SQ. FT. of living area. The home has 2 bedrooms and 1 bath and is in need of numerous repairs, but is currently being lived in. There is a 24 x 34pole barn and a 10 x 30 lean to garage. There are 2 water wells (one with pump and one without), septic system sewer, L.P. heat and electric service. Principal soil types are: Nobscott-Eda complex 3-55 slopes, class III; Nobscott-Sand, 5-20% slopes, class VI; Eda-Tivoli complex, 5-12% slopes, class VI
Legal Description: NW/4 of NW/4 of Section (29), Township (20) North, Range (14) W.I.M. Major County, Oklahoma
Taxes: $92.11
Possession: w...
Possession: will be given after the harvest of the existing 2015 wheat crop on the cropland and at closing on the home and improvements.
Minerals: will sell separate from the surface rights. Seller owns an undivided one-half interest (0.00195312) in and to the above described legal description. Seller will convey with a Mineral Deed Only! All income reports available online at the Lippard website.
Internet Bidding: will be available by logging on to the Lippard website to register. Neither the Auction Company nor the Seller is responsible in the event of loss of signal by either side.
Terms/Conditions: 10% of the total purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company nor the seller. Buyers should satisfy themselves as to any inspections prior to bidding on the property and/or minerals. Buyers must do all of their own due diligence on the Minerals. Any announcements made the day of the auction supersedes all advertising.
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AUCTION LOCATION: 57118 S. CR 240 Chester, OK. 73838
DIRECTIONS: From Chester, OK. go 11 miles east on Hwy 60 to CR240, then 2 miles south, or From Fairview, OK. go 15 miles west to CR240, then 2 miles south.